MX

What is MX?

MX is a financial intelligence and data platform for banks, credit unions and fintechs that aggregates and enhances consumer financial data to power insights, account verification and digital banking experiences.

Key features of MX

• Account aggregation: a single view of a consumer's accounts and transactions.
• Data access: consumer-permissioned OAuth connections for real-time data.
• Instant account verification: ownership and balance checks that replace microdeposits.
• Data enhancement: categorized and normalized transaction data.
• Financial insights and PFM: personalized guidance, budgeting and saving tools.
• MX Max and analytics: an AI assistant for plain-language money questions plus customer analytics.

How MX works

A financial institution or fintech connects consumers' accounts through permissioned connections, MX cleans and categorizes the transaction data, and the institution uses it for insights, offers, underwriting or verification inside its own app. Investment data and a mobile banking platform extend the same data.

Who uses MX?

MX lists clients including US Bank, H&R Block, Synovus, Discover and BECU. The vendor claims up to 10X more deposits when MX is the primary relationship and cites SOC 2 Type II, PCI DSS and SOC 3 compliance.

MX pricing

MX does not publish pricing; its call to action is to get a demo and quotes come from the vendor. No free trial is mentioned.

MX integrations

MX offers public documentation, a GitHub organization and a partners page, but its homepage does not name specific integrations.

MX alternatives

Plaid is a widely used financial data network aimed at fintech developers. Argyle specializes in payroll-based income and employment data. Codat connects business accounting and banking data. MX focuses on data and insights for financial institutions.